California solar companies that are members of CalSEIA get regular state and national legislative updates AND get a lobbyist in Sacramento. Lobbying is how the political game is played. National SEIA lobbying is an important reason why the ITC was extended. Join your industry associations and make your voice heard in Washington and your state. Visit www.calseia.org and www.seia.org ----- Original Message ----- From: ASAP POWER! 2 To: 'RE-wrenches' Sent: Friday, October 03, 2008 5:59 PM Subject: Re: [RE-wrenches] 30% tax credit
Just had this conversation. In California's stepped CSI program for
buydowns at AC kw expected system performance, just as before with the CEC's
descending rebate per AC kw system sizing, we still get to say, "there is no
better time than now."
However, in the conversation and doing some calcs for a potential residential
customer, wealthier homeowner would benefit by about $8000 of income tax credit
on his 2009 tax return (that's above the $2000 capped amount if completed
before EOY and after buydown) by waiting for completion and online after
December 31st, 2008.
This is a very interesting story for residential customers. I think the
industry was more excited about the commercial side of things for projects with
much longer timelines, and we have forgotten about this "positive impact" on 4Q
2008 residential work. Hmmmm.
But please don't forget Calif. Wrench contingent, we have Arnold! I hope
everyone is aware of what has been signed into law over past week and a half
also.
Here's a round-up from one of my favorite green ezine editors, I have not had
time to dig further:
A couple of days ago, Governor Arnold Schwarzenegger signed the following
bills:
a.. AB 1451 - which builds on the state's solar power usage by continuing a
property tax exclusion for projects that utilize solar energy and expanding the
exclusion to builders-installed solar energy systems in new homes.
b.. AB 2267 - which requires the California Public Utilities Commission to
grant incentives to eligible California-based clean technology manufacturers.
The bill also requires the Energy Commission to give priority to
California-based companies when granting awards, thereby helping to attract
more clean-tech companies to the state.
c.. AB 2466 - which will increase energy efficiency by authorizing local
governments to receive a utility bill credit for surplus renewable electricity
generated at one site against the electricity consumption at other sites.
The governor also signed...
a.. AB 1754 - which authorizes the California Alternative Energy and
Advanced Transportation Financing Authority to enter into power purchase
agreements with public and private entities for the purchase and sale of
alternative sources of energy.
b.. AB 2863 - which allows for purchase agreements in residential solar
power generation and designates companies that sell solar electricity generated
at the location where it is used as independent solar energy producers.
c.. AB 2768 - which maximizes the incentive for ratepayers to install solar
energy systems. The bill also gives solar energy customers the option to use
time-variant pricing tariffs through the authority of the California Public
Utilities Commission.
d.. AB 2180 - which requires homeowners associations to respond to a
request from a member to install a solar energy system within 60 days. If no
action is taken within that time line, the request will automatically go into
effect.
e.. AB 2804 - which requires the California Public Utilities Commission to
grant extensions on the time frame after a school district or community college
has applied for a rebate under the California Solar Initiative.
Peter Duchon
ASAP POWER!
Global Builders, Inc - Renewable Energy Constructors
------------------------------------------------------------------------------
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Mendocino
Solar Service
Sent: Friday, October 03, 2008 5:44 PM
To: [email protected]
Subject: [RE-wrenches] 30% tax credit
Hi Folks,
What are people saying (or not saying) to signed or potential residential
customers who could benefit from waiting until January to get the un-capped 30%
tax credit? Could we see all our jobs for the next three months on hold? (I'm
assuming the cap ends Jan. 1)
Bruce Erickson
Mendocino Solar Service
707-937-1701
707-937-1741 fax
PO Box 1252
Mendocino, CA 95460
�
"Serving the Solar System"
------------------------------------------------------------------------------
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